Semi-weekly south Kentuckian. [volume] (Hopkinsville, Ky.) 1883-1889, 1887-07-29

thirty (30) days from the date that
said election is ordered, the question
whether or not the said District shall
subscribe one thousand Il ,00O shares
of one hundred (Sl00) dollars each to
the capital stock of the Ohio Valley
Railway Company, on the following
terms aud conditions to-wit:
Condition first: That no part ofthe
amount for said stock shall be due or
payable until continuous line of rail-
way, of a standard guage, shall be
constructed by said Ohio Valley
Railway Company, from the town Of
Princeton, Kentucky, TO the limits of
the city,Of lIopkinsville, Kentucky,
nor until train Of cars shall be run
over said railway, nor unless said
railway Is constructed on or before
the lst day of January 1889, provided,
however, that If the Ohio Valley
Railway Company shall, in good
faith, and within a reasonable time
after favorable vote on this propo-
sition, begin the construction OF its
road and be prevented by stress OF
weather or any extraordinary hap
pening, from constructing the road
wishin the time aforesaid, then the
subscription shall not be, therefore,
on that account void, but reasona
BILE time shall be extended in such an
event beyond the date named, for the
construction of said road as aforc-
said:
Condition second: That the Ohio
Valley Railway Company shall un-
dertake and bind itself, on tile pay
ment of the money for said Stock, or
on the delivery of the bonds as here
in after recited. to refund TO the Hop
kinsville Dristrict the amount so
paid on the face value of the bonds
delivered in payment Of its subscrip-
lion, in the event the Louisville g.
Nashville railroad Go. or any success
sor thereof shall obtain the possession
aud ownership OF said Ohio Valley
Railway Company, within twenty
years from this date, provided, how
ever, that IL the stock of the Hopkins
Vile District shall be voted or used
for the purpose Of enabling said Lou
isville & Nashville Railroad Compa-
ny to obtain the possession and own
ership of said Ohio Valley Railway
Company, then this obligation on the
part of the said Ohio Valley Railway
Company shall cease and determine.
Condition third: In the event
favorable vote is had on this propo-
sition, the stock is subscribed and
paid for, the Ohio Valley Railway
Company hereby agrees and binds
itself to give as favorable rates, in
proportion to the distance. to the peo-
Pile aud shippers of the Hopkinsville
District as it may give TO any other
point ON its line between Its termin
aud not to make or permit to be made
any unjust discrimination in tie mat
ter of freights or passage against the
people of or shippers Of said Hopkins
Vile District.
Condition fourth: That in pay
ment of the stock subscribed by said
district, II shalt issue and deposit
with three trustees 10 be named in
the order submitting this proposition
bonds Of said district for the sum of
one hundred thousand ($l0000000)
dollars, with coupons attached for
the interest, to be made payable to
said Ohio Valley Railroad Company
or bearer, due and payable twenty
years after the date of their usual.
with tho option on the part of the
district 10 redeem the same at any
time after 5 years from their date,
bearing interest at the rate of SIX per
cent per annum, payable semi-an-
nually, both principle and interest
payable at the banking house OF
Latham, Alexander & Co., in the City
of New York. Said bonds to be in
denominations of not moro than one
thousand dollars, nor less than one
hundred dollars each, which SAID
bonds shall be held by the trustees,
to be hereafter named in the order OF
the Court, in trust TO be delivered and
shall be by them delivered to the said
Ohio Valley Railway Company, when
said railway shall have been con-
structed as mentioned in condition
one of this proposition, aud train Of
cars run thereon, and within the time
therein provided, provided, however
that any conpons falling due for in.
terest on said bonds before the con.
struction Of said road to Hopkins.
vile as aforesaid, shall be by said
| trustees detached, marked cancelled
and returned to The County Court o.
Christian county.
Condition fifth: Tn lieu of the de-
livery of the bonds as aforesaid to th,
| Ohio Valley Railway Company, thI
liopkinsville district, through The
trustees aforesaid may sell the bondi
at not less than their value, and de
posit with the trustees aforesaid on,
hundred thousand dollars which th,
trustees shall deliver TO the Ohit
Valley Railway Company as provided
for the delivery of the bonds. Tn,
object of this condition being to Civ
; TO said district the benefit of am
premium that may be received oil
said bonds; and it is understood tina
any premium received shall be usel
for the purpose of retiring and can
ceiling the bonds to the extent o
said premium.
Condition SIXTH If any subsrrip
ton Is made under this proposition
the Ohio Valley Railway Compan,
J undertakes to secure the release b,
the Hopkinsville y Cadiz Railwal
Company of a subscription made t
said Mopkinsville n Cadiz Railroad
(. Campany, by the city Of Hopkinsvill
for the sum OF seventy-fve Thousand